The value of Shiba Inu (SHIB) has increased by 32% in the past 30 days, bringing optimism to traders and investors of meme coins. However, the rise in price is not solely attributed to positive market sentiment. One significant factor is the upcoming Shibarium, a layer-2 scaling solution that sets itself apart with unique attributes. Despite competing with Dogecoin and other meme coins like PEPE and Shiba Memu (SHMU), which is currently in its presale phase, the future of SHIB remains uncertain.

Shiba Inu Faces Resistance at $0.00001

Currently, SHIB is priced at $0.00000998 according to CoinGecko. Over the last seven days, SHIB has experienced a rising trend of 19%. At the time of writing, SHIB has continued this upward trend with a 1% gain. On Wednesday, SHIB saw a significant increase of 5.75% to reach $0.00001005. This upward pattern aligns with a recovery trend that started two days ago, following a drop to $0.0000947.

Price Prediction for SHIB

SHIB’s price has consistently remained above the 50-day and 200-day Moving Average lines, indicating active buyer activity. The bullish pressure is further supported by the MACD line crossing above the signal line. However, the RSI is moving closer to the overbought zone. To fulfill its bullish potential, SHIB needs to overcome the resistance at $0.00001, which is bolstered by the 200-day MA. A significant surge above this level could propel SHIB to new highs in the near future. However, if SHIB fails to break through $0.00001, it may experience a drop towards the 50-day MA.

Shiba Inu vs. Shiba Memu

While the excitement surrounding Shiba Inu intensifies with the upcoming launch of Shibarium, it faces tough competition from Shiba Memu, an AI-powered meme coin. Shiba Memu combines the concept of building a passionate community around a meme coin with cutting-edge AI technology. It positions itself not only as an entertaining crypto-token but also as an innovative player offering practical utility in the digital realm. Shiba Memu has gained traction in the meme token market and has attracted investors worldwide. In its presale phase, Shiba Memu has already raised over $1.7 million. To participate in the presale, SHMU tokens can be purchased here.

Summary

Shiba Inu’s price has seen a significant increase in the past month. However, it faces tough competition from meme coins like Shiba Memu. The future of SHIB depends on its ability to overcome resistance at $0.00001. Additionally, Shiba Memu is making waves in the meme token market with its AI technology and innovative approach. Investors can participate in the Shiba Memu presale to potentially benefit from its rising price.

FAQ

What is the price of Shiba Inu?

At the time of writing, Shiba Inu (SHIB) is priced at $0.00000998.

What is Shiba Memu?

Shiba Memu (SHMU) is an AI-powered meme coin that combines the concept of building a passionate community around a meme coin with cutting-edge AI technology. It aims to provide practical utility in the digital realm.

Can I participate in the Shiba Memu presale?

Yes, you can participate in the Shiba Memu presale by purchasing SHMU tokens here.

(Sources: CoinJournal)